Koellinger, Philipp; Treffers, Treffers, T. - Erasmus Research Institute of Management (ERIM), … - 2012
Overconfidence has been identified as a source of suboptimal decision making in many real- life domains, and it often has far-reaching consequences. Here, we demonstrate a causal mechanism that leads to overconfidence and show a simple, effective remedy for it in an incentive-compatible...